Title insurance covers losses sustained as a result of defects in the title, other than those exceptions listed in the policy. One common exception is survey or boundary defects. If a buyer wants those exceptions to be covered, what can the buyer do?

Question

Social Studies

Chump

6 December, 05:50

Title insurance covers losses sustained as a result of defects in the title, other than those exceptions listed in the policy. One common exception is survey or boundary defects. If a buyer wants those exceptions to be covered, what can the buyer do?

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Answers (1)

Know the Answer?

Charlie Booker · Answer 1

The correct answer is: Pay an extra fee / ask for another coverage

Explanation:

The exceptions to title insurance are the ones that do not provide coverage and it is considered as a normal practice in this field. What the buyer can do is to ask another coverage or an extra one, but the person involved has to pay an additional or extra fee.